How IoT Enables Mobile Asset Tracking throughout the Supply Chain
Explores the latest asset-tracking technologies and their benefits for companies.
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Transform your business by accurately tracking your high-value assets in real time, wherever they are located. Partner with Semtech for cutting-edge IoT-enabled asset tracking that lets you maintain constant visibility of people, cargo, heavy equipment, or any mission critical asset.
Having the ability to track exactly where any mobile asset is in the entire supply chain is particularly useful when looking for items that have been stolen or lost. In the US alone, cargo theft is estimated to cost more than $30bn a year. Even a small improvement on this figure potentially generates hundreds of millions of dollars in annual savings.
There is also the potential to establish new revenue streams. In fact, 79% of supply chain leaders record higher revenue growth than their industry average. As the adoption rate of IoT devices continues to climb, so will situations where enterprises are able to create new revenue streams or price their services more competitively for clients.
With 81% of companies reporting at least one disruption in the supply chain in the past year, asset tracking can be a key tool in improving their responsiveness and reducing time to market. It’s common for assets to cross many international borders in their journey to customers, hence, delays are sometimes inevitable. But by using IoT-enabled trackers with built-in alerts for inbound and outbound shipments, logistics managers can take contingency measures if any assets are postponed or disrupted. Predictive analytics can be used to forecast delays before they happen.
With 89% of companies now competing mostly on customer experience, IoT-based asset tracking can allow businesses to create a truly customer-centric supply network that delivers a crucial competitive edge. In order to provide this level of service a key element is the device-to-cloud integration. The IoT devices in the supply chain must connect seamlessly and reliably to the cloud wherever they are located, run applications that provide insights from cloud to the edge. Edge computing reduces the amount of bandwidth needed, limits demands on cloud processing and cloud storage, and speeds up the transmission of information, allowing for a real-time view of the supply chain.
With more than 180 million devices shipped worldwide, we’ve developed numerous successful IoT deployments. By starting with Semtech, companies can be confident they’ll build a technology solution that offers the right combination of simplicity, security, and scalability – all while triggering a transition in operations.
Start with Semtech and we will partner with your organization in two significant ways.
Semtech gives enterprises the ability to move away from legacy systems and leverage the potential of IoT including:
Out-of-the-Box Networking Solutions (Routers)
IoT Modules to Build Your Own Devices
Global Connectivity to Collect and Send Data to the Cloud
Our pre-certified wireless solutions, expert professional services, and strong relationships with the world’s leading wireless carriers accelerate network certification and integration.
Looking to deploy your solution quickly? Not interested in building a solution? Check out our off the shelf, managed services for asset tracking – which includes tracking device, network connectivity, and software application – for fast deployment and flexible payment options.
For more than 25 years, Semtech (formerly Sierra Wireless) has been helping companies design, develop, and deploy reliable and cost-effective IoT & Connectivity solutions. As a leading provider of end-to-end managed tracking solutions, we help forward-thinking enterprises create truly connected tracking devices or solutions that utilize the latest LTE-M and NB-IoT standards, 2G/3G/4G/5G cellular networks, or Wi-Fi/BLE local networks to provide highly-accurate geolocation capabilities in an extremely compact size.
Semtech offers all of the building blocks – software, hardware, and connectivity expertise – to create a comprehensive asset tracking solution. Alternatively, to save on development time and accelerate your time to market, Semtech also offers end-to-end, market ready managed services to track any asset, almost anywhere in the world.
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